Multi Tenant Retail
Sharon Gallery
869 E State Street Sharon, PA
Listing Price: $1,345,087
Cap Rate
8.00%
Net Operating Income
$107,607
Occupancy
100%
Lot Size
1.20 Acres
Number of Tenants
Seven (7)
Parking Spaces
48 Spaces
Year Built
2003
Investment Highlights:
Exclusivley Listed By:
SENIOR VICE PRESIDENT INVESTMENTS
DERRICK DOUGHERTY
(215) 531-7026
QUALITY NEIGHBORHOOD STRIP CENTER WITH EXCEPTIONAL REAL ESTATE FUNDAMENTALS
» Well-maintained center with 10,200 square feet on 1.2 acres, offering excellent visibility and prominent signage | 12,400 VPD Traffic Counts
SMALL BAYS WITH SERVICE ORIENTED TENANT MIX
» Bays ranging from 900 to 2,000 square feet with a balance tenant mix of services, food users, and retail.
OUTSTANDING TENANT & SUBMARKET PERFORMANCE
» Domino’s at this location performs in the top 15% in Pennsylvania and the top 30% in the U.S., according to Placer.ai | Nearby Giant Eagle grocery store (1.5 miles away) ranks in the top 20% in the state and the top 15% in the U.S.
ATTRACTIVE MAJOR HIGHWAY ACCESS
» Strategically wedged between state routes 62 (14K VPD), 18 (20K VPD), and 718 (3K VPD) | Convenient access to I-80 (31K VPD) and I-376 (13K VPD).
LOCATED IN THE CENTER OF THE SUBMARKET
» Positioned near key institutions: Sharon Senior High School (535 students), Sharon Medical Center (220 beds), Penn State Shenango Campus, and nearby retail hubs in the Hermitage submarket.